The long running Ripple vs SEC dispute is finally expected to end by 2023 as claimed by Ripple CEO, Brad Garlinghouse as the case is currently in summary judgment.
Recently, on October 15, Brad also asserted that SEC’s chair, Gary Gensler-led pursuit is nothing about being faithful to law , instead it’s all about power.
Meanwhile, as there is a lot of speculation and confusion in regards to handover of former SEC director William Hinman’s email drafts, crypto attorney Jeremey Hogan clears it with his series of tweets.
Ripple vs SEC Case To Find Its Verdict Soon ?
As per his Oct 14 tweets, after the Judge, Analisa Torres nullified SEC’s objections to handing over Hinman’s documents, she did not specify when the documents must be submitted.
The email draft is related to Hinman’s 2018 speech where he had claimed that Bitcoin (BTC) and Ethereum (ETH) are not securities. Jeremey believes that the SEC may not appeal the case further due its overall consequences.
Further claiming about the email handover date, the attorney asserts that basically it is 60 days, but if the case is moved for reconsideration the date would get extended.
Next, Hogan states that email is not the final verdict claiming whether XRP is a security or not instead it’s just a supporting document. He also says that the SEC was the one who has moved the case for final verdict and not Ripple.
Overall, the payment firm, Ripple has found its minor wins in its long running dispute against the US Securities and Exchange Commission (SEC). Also most of the legal experts have claimed that the judgment might turn out to be in favor of Ripple.
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